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Until the final hours of the Netherlands’ Oct. 29 election, Polymarket traders were convinced Geert Wilders’ nationalist Partij voor de Vrijheid (Party for Freedom) would cruise to victory.The market barely budged as Rob Jetten’s social liberal Democraten 66 (Democrats 66) climbed in every major poll. Then, within minutes of the first exit poll, D66 odds exploded from 5% to 100%, wiping out millions in overconfident PVV longs.With 98% of votes counted, D66 and PVV were both projected to take 26 seats in the 150-seat lower house of parliament, Reuters reported Thursday. That’s a loss of 11 seats for PVV.(Polymarket) Kalshi…
Grayscale Investments kicked off trading of a new Solana-focused ETF on Wednesday, adding a staking feature that passes network rewards to investors. Related Reading The fund, now listed on NYSE Arca as the Grayscale Solana Trust ETF (GSOL), was converted from a closed-end vehicle that first launched in 2021. From Closed-End Trust To ETF According to Grayscale, the move makes the firm one of the largest Solana exchange-traded product managers in the US by assets under management. The converted ETF lets ordinary brokerage accounts hold SOL exposure while receiving staking rewards tied to the network. Inkoo Kang, Grayscale’s Senior Vice…
While hopes for a broad altcoin season are fading — the Altcoin Season Index recently fell below 30 — a handful of projects continue to attract active participation. Among them, XRP Tundra has become an interesting exception: a presale advancing through its phases at highh speed despite muted sentiment across the broader market. Operating across the XRP Ledger and Solana, the dual-chain DeFi ecosystem is drawing investors who favor verifiable structure over short-term speculation. Now in Phase 9, Tundra’s presale is demonstrating steady momentum, showing that even in a subdued cycle, capital still seeks transparency, real architecture, and functional design.…
In a post on X on October 29, Quinn Thompson, CIO of Lekker Capital, argued that Jerome Powell’s post-FOMC messaging was less about macro uncertainty and more about pressure tactics aimed at the political apparatus — with direct consequences for crypto liquidity. Powell’s FOMC Comments Decoded Thompson wrote: “Powell appeared to be playing political games / posturing / CYA around the December verbiage, possibly to communicate to the admin to get the government reopened. It almost felt like a threat that if no data (due to continued government shutdown), then there won’t be a December cut and the market was…
Opinion by: Nic Puckrin, founder of CoinBureau The largest liquidation event in the history of the crypto market, which wiped out at least $19 billion in long positions after US President Donald Trump announced punitive tariffs on China late on Oct. 10, exposed an ugly side of this nascent market: its vulnerability to insider trading.Onchain data shows that a significant short position was taken out on Hyperliquid just half an hour before the big announcement. Once the market plummeted, this trader bagged $160 million, sparking speculation over market manipulation — with some even theorizing that the “whale” behind the transaction was…
Bank Indonesia (BI), Indonesia’s central bank, is moving ahead with plans to issue what it describes as its “national stablecoin version,” a digital currency backed by government bonds (SBN). The initiative was unveiled by central bank Governor Perry Warjiyo during the Indonesia Digital Finance and Economy Festival and Fintech Summit 2025 in Jakarta on Thursday, according to a report by CNBC Indonesia.During the summit, Warjiyo said Bank Indonesia plans to issue digital central bank securities, which are tokenized versions of SBN. The digital securities will be backed by the digital rupiah, the country’s central bank digital currency (CBDC).In short, Bank…
Argentine President Javier Milei’s party has scored a resounding victory in Argentina’s 2025 mid-term legislative elections, taking control in key provinces.This sweeping parliamentary win boosts Milei’s grip on Congress and provides greater political leverage. However, as the LIBRA cryptocurrency scandal deepens, the President’s credibility continues to face new uncertainty.President Milei’s Party Wins in Argentina’s 2025 MidtermsArgentina’s 2025 midterms marked a turning point for President Javier Milei, whose La Libertad Avanza (LLA) party secured nearly 41% of the national vote, even breaking Peronist dominance in Buenos Aires. According to local media reports, national turnout was 68%, and LLA swept 16 districts—including…
Key takeawaysTax authorities like the IRS, HMRC and ATO classify crypto as a capital asset, meaning that sales, trades and even swaps are considered taxable events.Tax authorities worldwide are coordinating through frameworks like the FATF and the OECD’s CARF to track transactions, even across borders and privacy coins.Authorities use blockchain analytics firms like Chainalysis to link wallet addresses with real identities, tracking even complex DeFi and cross-chain transactions.Maintaining detailed logs of trades, staking rewards and gas fees helps calculate accurate gains and ensures smoother tax filings.Many traders see crypto as outside the traditional financial system, but tax authorities treat it…
According to NYDIG research, Bitcoin’s price moves are driven more by the strength of the US dollar and broad liquidity conditions than by direct ties to inflation. Greg Cipolaro, NYDIG’s global head of research, said the data show weak and inconsistent links between inflation measures and Bitcoin. That view shifts attention away from the old narrative that Bitcoin is mainly an inflation hedge. Related Reading Inflation Link Weak Cipolaro argued that expectations for inflation are a slightly better signal than headline inflation readings, but still not a tight predictor of Bitcoin’s price. Instead, Bitcoin and gold both tend to gain…
In brief Ant Group has filed to register the “ANTCOIN” trademark in Hong Kong, covering digital wallets, online payments, and stablecoin services. The filing follows the group’s recent crypto and blockchain initiatives, including USDC payment pilots and energy asset tokenization. Observers say the move is being done to “protect” the group’s interest and manage risk as it looks to secure a presence in Hong Kong. Ant Group, China’s largest internet finance company, is reportedly laying the groundwork for a return to digital assets.The tech giant has applied in Hong Kong to register a series of trademarks related to virtual assets,…